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Daily News from New York, New York • 37

Publication:
Daily Newsi
Location:
New York, New York
Issue Date:
Page:
37
Extracted Article Text (OCR)

37 Daily News. Tuesday. April 14. 1981 AMERICAN STOCK EXCHANGE CONSOLIDATED TRADING April 14. 1981 r- Nat I cMlter YM Sam Dtv.

raaoOoMVi chg I 52-WMk Morgan ups priBue rate ill holds at 17 TO. i Olv. UwrCtose chg- Hgh Uw SW ttgh Law Slock 14'4 14 1 1 5 11 1911 i 22 II 10 5 44 III 18 llViCornlus 2' lsiCOi'rtid 3 2 CrestFo 30 Crempl 42'4 32 Cross 10 7 Cn! 11. r.Miw-p 41' 40 19 1 MTa 50 4 8 4 J0a 4J 7 joa 4i 4 21 19 365 II 7 5 1 9 7 130 lit By JAMES A. WHITE 17 1 3' 3-1 28 30 3 5 JO 4J II 1J 4 47 5.3 J2 1.7 lj 1413 4 JB A1 7 9 25 34 17CwCPB 4 2 CrownC '4 5's Crcwnln 36 14 CtvIcR 37'4 25 14CucCp 22'4 UCrlict 18 34 31'4 Morgan Guaranty Trust Co.

today 4 4 19 19 4-7 74 1 1 4-7 7- 15 15- 18 4 41 -16 16 28 28 -26'4 26 -38 39 2 55 55 4-20 20- $3.2 billion. That sent bonds into a tailspin on interest rate fears, but now many analysts have lowered their expectations for a money supply rise this Friday. PL ATT SAID ANOTHER soothing element on financial markets is that 4- 25 25 5 3' AAV 20 16 ABA 5 7 3AICPtin 2 lVa ATI 13 AVC 21V I A7.L 114a 5AZlP 234 13AcmeUl 5 2 Action 20 15 Acton 35' i 8 AdmRs 29' 174AdRuSS 32Aoooes 2 1 AesisCp 55 IB tAeroFio 21' 14 Aerflx 9 4 Aronca 13' 4 AfflCap A7 IT 21 21 J4 1.410 50 J6 1.1 47 1191 Jti 14 ISO 328 1J0 14J-. 7 13 a. IS 12-44 1 15 At 1 VCyorus 13 llCvnrpf .10 JO.

.4 27 527 11 raised its prime lending rate a half point to HWo while Citibank decided to hold its rate at 17, emphasizing the schizophrenic view lenders have about 12 12 84 29 as 2s' 135 39 121 2 19 II 55 102 21 82 7 4 a 10 17 8 I 3 AtlllHW All. 7i AHiv JO 1.110 ...15 17 is ...30 II 38 27 J5e 2J14 244 5 AirEKP a so 1 ...21 1S Mr i UJ JO J21 13 4' 17 7 7 A 5 IHDCL 4'1 DAG 3 Dmon 25 11 Damson 24 9DatSAc 41 H7Datao 33'4 Km fWarat A. 4 AHian en. AlmySt 6 3'i AiohaAAr 11 r. 4 4 1 1 14 15 15 15- 39 30 29 2 1 15 15 91 09 14 14 3 3 30 JC- I4 3 27 15 15 4 4 16' 6 6 7 Jva V.

7Vi Ttt- 6 6 28 29' 13 13- -lM 30 30 38' 38- 25 25 I I 2 1 294 7 185 29 4 13 12 If lifc yium rwii 96 .10 .1144 152 .724 41 4 10 175 115'. Z450 30 36 9' 25 2 10 161 153 1 17 ueirnra 4 2 4 DpunJ 23 12'iDeICp 26 Devon 33 12 Dillarxt 3 1 DOA3 1 1 PisFaO 4 2 DilKO tl "Dome9 31V l(0omtrt 17'0orGas 11 M-J tt 1 1 12 124- 11 12 5 17 31 11 AioMina 14 Altamil 14 ru Altec 38 29 Alcoa pi. 16Amdhl ll7 5 AmBilt 30 IS' ABrd wt 4V lACapCp 214 llHAContrl 2 1 Alsral 23 11AA 21 llAMB I 3 AVdBId 17 12AMotin 71 13AmPetf 13 4 ASciE 17 10 AmSeat 25W 9 AndJc 9 5 Andrea 36 17 AnotoE 25 4 74 AW CM 4 the Treasury has completea some billion in financings between early Feburary and last week. "That is now behind us," said Piatt, who predicts that rates "are going down quite a bit between now and June" to perhaps 10Vfe-ll on the three-month Treasury bill. In setting the levels for their prune rates charged their best corporate customers banks also factor in the level of loan demand they are receiving.

Some analysts believe that is why a split rate has developed between 17 and 17. Chase Manhattan initiated the rise to 17 last Friday and was joined by three Chicago banks yesterday. In addition to No. 5 ranked Morgan, Bank of New York hiked its prime to 17 today, while No. 2 Citibank, at its weekly JO 1.0 41 JO 3.0 it 7 4.0 .520 3D i ii i 3.20 5 ...27 li 14' 1 2- 22 41 18 1 3l- a 25 31 25'- 21 13 12- T- 4- IS 1 15--.

39- 30 2 15 4 09 I 14 3- 20 14 2T 1 15 3 14- 74 1 17- 9 7 t- 19 1 14- 13 9 17 4- I 1 I 12 603 lt'4 5T 53 4 1 4190 ...13 997 4 1214 41 .1 272 JC'3 31 it ITil i K8 25 JU 4 7L I 77 75 30 29 18 17 9 9 7 7 20 19 19 20 1 I 15 14 14 15 9 9 17 17 364 55 18 9 40 184 52 18 6 500 33 3'3I LV'l 12' 8 Done 23r 19'i Dreco 19 Drrair 1VK irm A 18 16 17 17 7j 7 f. 13 it I li l'4 Dun-op 2 21 -169 5 17V DurTst 17 Dynlctn 24 II Dvnaert ...40 1 17 i 33 33... 20 21 4 4 -41 41 -15 15 I 3 -5 5-7 7 15 15 -2 2 13 13-4 4 1 131 13 47 1 204 I 107 390 14 35 42 IS 3'4 5 7 2 14. 4' 7 27 7 11 17 41 29AqutC4lf 22' l4Arws 4 2 Armtrn 74 5 Arrow 4 Arundel 22 14 Asamr 5 1 Askin 25 WAstre 7 3 AtlsCM 7 4 AtlMWt 15AtlasV 12 Aoo.ctr 13 7 AVEAAC 22 14 Anndl 4 4 4 14 14 14. -34 J4 I 3 EAC 11 EECOl ...10 JO 4 9 the short-term course 01 me etouomj Yesterday's government report that March retail sales increased a tiny 0.1, the slimmest gain since last May, was seized by financial markets as evidence of an economic slowdown, which would ease inflation pressures and cool interest rates.

Bond markets were buoyed late yesterday and prices continued to move higher today on the strength of the retail sales news. "I think the retail sales number was taken as very convincing by the market," said analyst Elliott Piatt of Donaldson Lufkin Jenrette. "The fact that the economy looks so weak has made people more optimistic" about a decline in rates, he said. William M. Griggs of J.

Henry Schroder Bank and Trust Co. agreed today that financial markets placed great significance on the retail sales figures, but termed those statistics "a pretty thin reed to hold on to." "IT DOES REFLECT that the consumer could not continue to hold (spending) at such high levels and had to he said. "But over the rest of the week, we will get the housing, industrial production, personal income and capacity utilization figures. You've gotten some pretty modest results from these recently so you have the potential for these numbers to be stronger, or at least no weaker, and that could change the market's mind," said Griggs. Analysts say financial markets have adjusted to last Friday's unexpectedly large jump in the nation's money sup 17 7 III U21T 1 1414 23 15 il ftk 1 .10 3 0 7 7 17 17- l.20b ii-t 1.40 1911 39 ...21 4 I I 17 14 13 13 13 4 li 4 34 34 34 44 4 12 11 11 4 4 4 1311 13 tO 17 14 14 14 17m 14 14j I 21 13 EDO 14 9 ElHn I 1 ElAudD 44 34ElcAin" 9 4 ElecSd a 14 Elsinor i't EmsCara 14 13Enstn 14 9 EnsMin 23 UEngys 18 Engunl 3 1 Ero ind 15 0 Espe 19 MEd 9 3' EtiLav 15 9 EvanAr 10' EvrJ V8 10 EverJ A 41 14 EirO 4 43h review meeting, decided to make no change in its 17 rate.

MEANWHILE, THE Treasury bill rates fell yesterday to an' average discount of 13.646 on 26-week bills, down from the 13.783 a week earlier and the lowest since the 12.078 reported March 30. The average rate on 13-week T-bills dropped to 13.783 from the 14.147 a week earlier. 7 7 14 28 26 21 322 59 8.3 4 4 ...80 25 ...54 99 .24 15 25 45 1J4 JSe 1713 S3 Me JJ 5 I 1421 S3 .40 3.2 8 12 .0 1 i JO 1.T 137 .18 17 jo r.n3 422 41 I90e 10.8 .12 3.814 if K8 .18 1JI5 18 18 3 7 24 3 14 94- 5- 2 14- 4 21- 1 21 ju. a 13 14 14 4 4 4 12 12 12 II 10 11 11 10 29 5 5 2 40 17 18 55 22 21 21 20 21 1a 4 ...14 1.7 0 1.7 7 1.115 14 lil 14 0 .36 J8 J2 .32 0 i i 264- 4- 91- 5 17 13' 49 4 40 niu 91U 1 Uli.f ir 0 Backer 4 Baker, 6'i BaWwS 27 19 BanFd 5' 2 Barco 11 I BarnEn 19 10 Barnwl 5iBaryRG 7 3 1 Bartons 30 14Barucn 24 HBnfStA 23 11 BofSta 5 3 BergEnt 27 19BnjBrj 7V 2 BethCo 23 Beverly 20 8 BicPen 3 1 Birtfrd 10 8 B'9V Sp 7 3 BillKd 28 14 BinKMf 24 10 BR 24 10 SicRd A 8 5 Btessng 27 23 BIckE 41 24 Blount 37 14 BolttBer 23 13 BowVol 8 Bowmar 36'A 17 Bowne 15 7BradMM 4 2'i Branch 9b Aran! wt 5 5... 17 17 4-12 12- ll 9 94 19 17 17' I .3 2 7i i'i 140 IT 4 JV5FG1 JO 13 FPA 14 9 Fablnd 193 iffairldB 11 7 FarDrj 1 F0Mtt 23 17 FedRt 10 FedRe 9 2 Vfl Eft As a result, banks and thrift institutions beginning Thursday may pay as much as 13.896 interest on six-month money market certificates, which have interest rates limited to 0.25 above the rate on 26-week Treasury bills.

The current interest ceiling on the $10,000 minimum-deposit certificates is JOb 3 .2 22 8 Jib 3.6 4 JU ABO 4 4 22 18 23 22 1.20 1.71 7J 5 11 21 71 14 20- 20 5 7 144 23 22 .10 Anti 17 9V4- 4' 22 1 21- 20? 4- 7 22 1 34 4- 1 35 14- 44- 36 15- ...11 ...31 9.3 ...23 2.1 10 1.120 a 91 3 ASH 17- eimnr 17 Fin-Sen 19 13 FinGnA 10 4 FtConn 38 12 FtSLSh 4 3 Fstmrk 18 7 FiSClrP 24 FitcGE 22 22- 5 5 45 44 -1 20 2C 16 0 8 20 2- 17 17 II 11 4 4 4 6 6 35 14 40 151 14.033. .400 2.4 1.00a 11.4 4 JOt 4J43 .7771 4541 us at 7 ply as the measure. cauea an-o iwc J2 .40 .10 .40 J6 14' 4 38 14 20 17 0 21 17 18 11 4 4 34 36 40 Ull 1.714 403 15 .5 4Flaoe 12 2'. 19 Oh 3 Martn 2' 3' 3' I FlaCap 1 13 28 28 FJjjBrk ij 7 14 JO 12 4 44 1 no 25 IV 33 33 4 A liUk 13 20 15 15 HENES 16 27 27 .621 4.i '7 .20 3.5 5 16 10 Flowers 32 lFluxJ at 71t 77'i. 19 FROM PAGE 33 24 27 1 4 4 1.141 4JI7 22 33 194 Brascn 9 27.

18BraunE 18 9V4 Bree 7 3BroDrt 25 17BrookP 64 34 BrnFB 4 3 BmF pf 10V 6 Buell 4 lfi'4i 4 3 hooorm 1U CMal 28- 25- 15 5 22 2 404- 3 104- 4- 2- 26- 12 1.9 12 2.3 12 11.0 4.8 34 1.34 .40 JO 34 FordCn 9 IIUi CnncC J0C 3J14 14 ...3311010 JO 10 10 ki 47 22 40 19 23 22 22 40 40 3 3 10' 10 4 4 3 2 27 24V 3 Buimx 4 7 Burgess 1 17VBurnsln 1217 JJ 34 16 18 25 14 Fors'L 25 10 Franca 25 M'FrarS 17 7 Franks 20 14 Frantt 37 12 5V Friedm office space for Hines, the nation's No. 1 investment builder, including Penn-zoil Place and Post Oak Central in Houston. This will be Hines' first New York venture. 40 4B 19 19 22 2)1 24 24 14 14 17 17 14 J7 1 tO 10- 7 I 7 74 23 23 15 15 JSC 1547 .40 15 JO 4.5 7 J4b 12 .40 51 I Tlllll 364 31 4 0 10 0 -W t-riona 13 7 8 JOB MO 4' Friscni I FronIA 1 FrtAwt 24 STb I if J5e J19 2g Si 1 13 15 9 a 2. 35 IS4f 19 24 ft 34' 51 .40 1814 105 A A 1ft 94 too 7 7 3 CMICp 14 CRS rs 17Calior J3CaiPtC 7 CaiRE 24 Cameo I 3Campnl 14 CdMar 9CdnOc 2 CaoitFd 2' Caressa JO MJ 37 "modern" office tower, the 1958 Seagram Building at 52d and Park designed by Mies van der Rohe with Johnson's help, is a simple rectangular solid whose sides, set back from the sidewalk by a deep plaza, rise cleanly from ground level to roof.

Before that, most Midtown office towers completely covered their sites at ground level, their sides rising from the boundaries and then set back, like a wedding-cake; so sunlight could reach the street. Three years later, the city revised its zoning to encourage more boxy Seagram-like towers and plazas, whose nn-oi ittp.T Midtown. J4 17 AM, 4 ..11 2 14 14 Soviet pip order to West Germany West Germany won a Soviet contract for 550,000 tons of steel pipes expected to be used for a natural-gas pipeline linionir Soviet Siberia and Western 0 ur 20 4 1 1- 4 4 5 54 9V 9 -15 IS -47 40 2 2- 5 1V4GIT 4 1GRI 7 2GTI 10 2 Galaxy 15 I Garan 58 24GatUet iMi 50 22 22- 1JU 1 4- 4 4 4- JO 4-3 5 9 40 12 17 25 14 4 20 51 12 20 24 35 6 3' 3 17 17U. 8.4 7 16 caroen eu 99 1 5 4 ii i .17 101 4 3 if 1.00 8 4 4 11 15 13 55 41 1.9 4 15 2 A A l.OOe 131 14 .10 J15 50 14 9 Ami 11 23 11GeimS 5 3 Gemco 38 CaroPoinil5. 114...

1200 A7 1 A'll A rrmir 10 4GnEmP 23 2 4 34 50 7 33 4 14 23 15 4 3 17 39 7 19 23 35 5 25 31 8 14 8 2' 19 46 10 21 2C' II 9 11 21 13 Cast AM 3 I bentxp 17 17 4 4 4 4 I 1 7 I 4- 13 14 5 4 .007 21 21 15 15 15 15 .007 rt j. n-i. fin fc 14' 9 Genisc 7 4 GenDr 7 7 19 19 23 23 35 35 5 5 4- 25. 25 1 31 31- 1 8 8 14 14- 0 2 2 It It 22 33 13GntVI 20 iiGiasrck TTi r.mfnr Europe, industry sources in Tokyo said today. The pipes were sold as ordinary export items in a separate contract from the pipeline because of U.S.

opposition to the project, the sources said. Tha tt has ureed its Western 3 1.00 I 14 1.60a 4.9 4 ti 3.50 13 150 4.W 117.. 225 7.9 2 1.1 7 4 .12 1.511 182 J2 3.0 7 25 ...23 10 JSt) 2.410 2 U0 7.4.. 19 1 ICS JO 3.211 13 .48 4.3 4 104 10 Uira ll't Cavtrn 2 CelluCII 23'4 CenM pf CnPL pi 4 CentSe 5 CtryFa 4 Cetec 1 ChmoH 14 ChmpP 27 ChrtMd 8 Chmolst 14CtiiRv 14 CnftDv 4Chittn ai. rirrlir 31 38' 10 15vj 8'- 2 30 49 14 24 26 19 9 GotcfH 3V I'.

GMFId 4 7b r-n-M iH 4-415 UH iJi i i 46 44 10 10 11 1 4. 31' 21VGwr-R J2 2.4 .40 3.1 4 1 4 713 57 7 14 4 oranw 13 4'Gmc4u 12 4 GmoCrt 9 GransrA wm a r.iAmi 7J 2 2' 14 14 1 1 2 2 2f 13 12 12 12- 9 9 15 25 4- 17 17 11 11- 50 51 4 4 74 24 4 4 12 12 27 27 225 100 95 2 19 20 -9 9 10 10-Jl 21 4- 13 13.. 7 7.. 20 21 4 4.. 15 15 3 1.00 7.4 5 5.1 II u.

1 9 14' 24'. 20 9 25 4' 18' 16 9 11 15 51 If GtUCIi 4 lGrenm 31 4 GrossT 24 2 3 24 1J1 7 21 4 15' 13 253 31 23 4 I 17 1 27 313 12 SW 50 51 I7K39 7 1.71 418 1 JOB 4.2 II 2 4 JO 4.7 24 12 .69 7-2 4 29 284i .44 800 21 ...11 74 19 J5e 4J 4 ...14 JO 4.2 .14 1.8 22 13 13 8 4 4 UL'arsK 13 8 GuardC 11 11 1 19Cit3kN4 13 12Clarm 4 CiarkC 10 Clarosf 12', Oausna 4Copay 5'4CotW 13 Colemn 1 ColCml 40Comin 17 ComAll 10 CwnA pf 15 lComdrC 3 Compo 4 rnmuD 1J0 45 10 1S6 31 14 a 21 22 134 Vt." Now that the city is rezoning again to encourage builders to get away from bulky boxes and let more light reach street level, the still incomplete Hmes design "fits the formula well," Burgee said. Pedestrians will also benefit by being able to cut the corners at53d and 54th St HOWEVER, HE ADDED, the building would need a variance from current zoning because its sides would rise 120 feet-35 feet "more than the zoning limit before the first of several, setbacks Ironically, the setbacks and the curving sides will make the building look more like a wedding cake than the original flat-sided buildings that first earned that facetious nickname. Johnson and Burgee have designed more than 8 "million square feet of 22 bitsir csi a 1 a 5 allies not to help build the pipeline on the grounds that it will undermine European economic security. The sources indicated that Japan also may try to sell steel pipes to Moscow in a similar set-up to West Germany's.

In late March, Japan tentatively agreed to export 3.5 million tons of large-diameter steel pipes to the Soviet Union over the next four years. The pipeline, costing about $3 tranennrt 400 million cubic 22' ti 45 29 13 2S 36 4- 10 10 17 17 3 3 2.1 9 1.40 147.. 14 4 3J I 7 7- 14 14 24 7 7 7 14 14 14- 9 9 JSt 11 1.20 5 8 4 7 JO 4.1 4 22 2 5 28 13 174 3 ft 1241 3 84 14 33 16 12 13 7 21 9Concnm lCooaiF 0 4 Hampta 14 MManfnl 9 4 herver 14 5 HasSra 0Hastino 5 3 Htwa.i 13 13 tlimctit 521 2J 12Lonaec ii Connhf 144 17 14 17 1S 14 4 23 5 14 33 23 17 15 i'o 19 19 4 4 4- 14 14 33 33 16 14 1 12 17 13 13 24 I fit 1.20 JO 5 0 4 24 0 704- J3I11JI. I 4 4 4- 28 Conroctt 9 4 ne.nr WConsOG JO 4J (Continued on next page) I 4 Lonrwn meters of natural gas to Western iuriiti- ji 31 62 34 TO'.

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